Peterson Wealth Advisors LLC Has $18.08 Million Stock Holdings in JPMorgan Income ETF $JPIE

Peterson Wealth Advisors LLC lifted its position in shares of JPMorgan Income ETF (NYSEARCA:JPIE) by 377.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 390,618 shares of the company’s stock after purchasing an additional 308,876 shares during the quarter. JPMorgan Income ETF accounts for 2.4% of Peterson Wealth Advisors LLC’s portfolio, making the stock its 11th largest position. Peterson Wealth Advisors LLC’s holdings in JPMorgan Income ETF were worth $18,082,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Parkworth Wealth Management Inc. bought a new stake in shares of JPMorgan Income ETF in the 2nd quarter valued at $29,000. Imprint Wealth LLC bought a new position in JPMorgan Income ETF during the third quarter worth about $33,000. ESL Trust Services LLC acquired a new position in JPMorgan Income ETF in the third quarter valued at about $35,000. Central Pacific Bank Trust Division bought a new stake in shares of JPMorgan Income ETF in the fourth quarter worth about $35,000. Finally, Total Investment Management Inc. bought a new stake in shares of JPMorgan Income ETF in the second quarter worth about $37,000.

JPMorgan Income ETF Stock Up 0.2%

NYSEARCA JPIE opened at $46.02 on Tuesday. JPMorgan Income ETF has a one year low of $45.01 and a one year high of $46.61. The stock’s 50-day moving average is $46.34 and its 200-day moving average is $46.35.

JPMorgan Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, March 4th. Investors of record on Monday, March 2nd were paid a dividend of $0.2082 per share. This represents a c) dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change from JPMorgan Income ETF’s previous monthly dividend of $0.20.

About JPMorgan Income ETF

The JPMorgan Income ETF (JPIE) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively-managed fund that allocates exposure among various fixed income markets and sectors. The fund seeks to provide yield with lower volatility and aims to generate monthly distributions. JPIE was launched on Oct 28, 2021 and is managed by JPMorgan Chase.